Akademik

a buyout using borrowed money; the target company's assets are usually security for the loan

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a leveraged buyout by upper management can be used to combat hostile takeover bids

noun, pl ⋯ -outs [count]

chiefly US : a business arrangement in which someone buys a company by borrowing money based on the value of the company that is being bought

ˌleveraged ˈbuyout [leveraged buyout] noun (business) (especially NAmE)

the act of a small company buying a larger company using money that is borrowed based on the value of this larger company